Save on 2006 Ford Five Hundred Car Insurance Rates

Searching for better insurance coverage rates for your Ford Five Hundred? Paying for expensive Ford Five Hundred insurance can sap your checking account and force you to cut corners elsewhere.

Due to the abundance of insurance providers from which to choose, it is very difficult to locate the lowest price insurance coverage provider.

These discounts can cut car insurance rates

Car insurance can be pricey, but you may find discounts that can drop the cost substantially. Certain reductions will be credited at quote time, but some must be requested specifically prior to receiving the credit. If you don’t get every credit you qualify for, you are paying more than you should be.

• Accident Waiver – This one isn’t a discount, but a handful of insurance companies will let one accident slide before hitting you with a surcharge so long as you haven’t had any claims for a specific time period.
• Government Employee Discount – Having worked for a branch of the government may reduce rates when you quote auto insurance for Five Hundred insurance depending on your car insurance provider.
• Seat Belts Save – Requiring all passengers to use their safety belts could save 15% on medical payment and PIP coverage.
• Good Student – A discount for being a good student can earn a discount of 20% or more. Many companies even apply the discount to college students well after school through age 25.
• Low Miles Discount – Low mileage vehicles can qualify you for lower prices due to less chance of an accident.
• Paperless Signup – A handful of larger companies provide a small discount for completing your application over the internet.
• Multiple Policy Discount – When you combine your auto and home insurance with the same company you could save approximately 10% to 15%.

A quick disclaimer, most credits do not apply to your bottom line cost. Most only apply to individual premiums such as liability, collision or medical payments. Just because you may think all those discounts means the company will pay you, you won’t be that lucky.

Some of the insurance companies that have most of the discounts above may include but are not limited to:

• American Family
• State Farm
• 21st Century
• Travelers
• Geico

If you need low cost auto insurance quotes, ask all companies you are considering what discounts are available to you. Some of the discounts discussed earlier may not apply to policyholders in your area.

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Find Ford Five Hundred insurance more affordably

Part of the insurance coverage buying process is learning the rating factors that go into determining insurance coverage rates. If you understand what determines base rates, this allows you to make educated decisions that could result in big savings.

Shown below are a few of the “ingredients” used by companies to determine your premiums.

• Liability protection is cheap – Your policy’s liability coverage will provide protection if ever you are found to be at fault for personal injury or accident damage. This coverage provides for a legal defense starting from day one. This coverage is relatively inexpensive when compared with rates for comp and collision, so do not skimp.
• Insurance rates for married couples – Getting married may save some money on insurance coverage. Having a spouse is viewed as being less irresponsible and statistics prove married couples file fewer claims.
• Prevent theft and save – Driving a car with a theft deterrent system can earn a premium discount. Advanced theft deterrents like GM’s OnStar, tamper alarm systems and vehicle immobilizers can help prevent your vehicle from being stolen.
• Females tend to cost less – Statistics show that women are safer drivers than men. However, this does not mean women are BETTER drivers than men. Males and females cause fender benders in similar percentages, but guys cause more damage. Men also statistically have more aggressive citations such as reckless driving.
• Rates may be higher where you live – Having an address in a small town may provide you with better prices when shopping for auto insurance. Fewer people means reduced accidents. People who live in big cities tend to have more auto accidents and more time behind the wheel. Spending more time driving translates into higher accident risk.
• Save money by having multiple policies – Most major insurance companies provide discounts to customers who buy several policies from them such as combining an auto and homeowners policy. Even if you already get this discount, it’s in your best interest to compare other company rates to guarantee you are still saving the most. Drivers may still save even more by splitting coverages up.
• Bad credit will cost you – An insured’s credit rating will be a significant factor in determining your rates. Drivers with very high credit ratings tend to file fewer claims as compared to drivers with lower credit scores. If your credit rating is not that good, you could pay less to insure your 2006 Ford Five Hundred by taking the time to improve your credit score.

When do I need an agent’s advice?

When choosing the right insurance coverage for your vehicles, there is no “perfect” insurance plan. Everyone’s situation is unique so this has to be addressed. These are some specific questions can help discover if you will benefit from professional help.

• Should I sign the liability waiver when renting a car?
• What is UM/UIM insurance?
• Can I afford to pay high deductible claims out of pocket?
• Is my custom paint covered by insurance?
• Why do I only qualify for high-risk insurance?
• Do I have coverage when using my vehicle for my home business?
• What is the ISO rating for a 2006 Ford Five Hundred?

If you can’t answer these questions, you might consider talking to an agent. If you don’t have a local agent, take a second and complete this form or click here for a list of auto insurance companies in your area.

Auto insurance coverage breakdown

Learning about specific coverages of a auto insurance policy can be of help when determining the right coverages for your vehicles. The coverage terms in a policy can be impossible to understand and reading a policy is terribly boring. Below you’ll find the usual coverages found on the average auto insurance policy.

UM/UIM Coverage

Your UM/UIM coverage provides protection when other motorists are uninsured or don’t have enough coverage. Covered claims include hospital bills for your injuries and also any damage incurred to your Ford Five Hundred.

Since a lot of drivers only carry the minimum required liability limits, it only takes a small accident to exceed their coverage. That’s why carrying high Uninsured/Underinsured Motorist coverage is very important. Normally your uninsured/underinsured motorist coverages are set the same as your liablity limits.

Coverage for collisions

This covers damage to your Five Hundred resulting from a collision with another car or object. A deductible applies then the remaining damage will be paid by your insurance company.

Collision coverage protects against claims such as crashing into a ditch, crashing into a building and colliding with another moving vehicle. This coverage can be expensive, so analyze the benefit of dropping coverage from lower value vehicles. Another option is to raise the deductible to bring the cost down.

Liability

This coverage provides protection from injuries or damage you cause to other people or property by causing an accident. This insurance protects YOU from legal claims by others, and doesn’t cover damage to your own property or vehicle.

Coverage consists of three different limits, bodily injury for each person, bodily injury for the entire accident, and a limit for property damage. You might see policy limits of 100/300/100 that means you have a $100,000 limit per person for injuries, a limit of $300,000 in injury protection per accident, and $100,000 of coverage for damaged propery. Some companies may use a combined single limit or CSL that pays claims from the same limit rather than limiting it on a per person basis.

Liability coverage pays for things like emergency aid, attorney fees, repair costs for stationary objects and bail bonds. How much liability should you purchase? That is your choice, but buy as high a limit as you can afford.

Medical costs insurance

Med pay and PIP coverage reimburse you for expenses such as hospital visits, chiropractic care, EMT expenses, prosthetic devices and surgery. They are often utilized in addition to your health insurance program or if you do not have health coverage. Medical payments and PIP cover both the driver and occupants in addition to any family member struck as a pedestrian. PIP is not available in all states and may carry a deductible

Comprehensive or Other Than Collision

This pays for damage that is not covered by collision coverage. You first have to pay a deductible then your comprehensive coverage will pay.

Comprehensive can pay for claims such as hitting a bird, rock chips in glass, a broken windshield, damage from a tornado or hurricane and a tree branch falling on your vehicle. The most a auto insurance company will pay at claim time is the ACV or actual cash value, so if the vehicle’s value is low consider removing comprehensive coverage.

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Be Smart and Buy Smart

You just learned some good ideas how you can get a better price on 2006 Ford Five Hundred insurance. The key concept to understand is the more you quote auto insurance, the better your comparison will be. You may even find the most savings is with the smaller companies. These smaller insurers may cover specific market segments cheaper than their larger competitors like Progressive or Geico.

When shopping online for insurance, don’t be tempted to sacrifice coverage to reduce premiums. There have been many cases where an insured cut liability limits or collision coverage and found out when filing a claim that the savings was not a smart move. Your goal should be to buy enough coverage at the best cost, but do not skimp to save money.

There are still a few companies who may not have rate quotes online and usually these regional insurance providers only sell through independent agents. Cost effective 2006 Ford Five Hundred insurance is possible both online as well as from independent agents, and you need to comparison shop both in order to have the best price selection to choose from.

More information is located below:

• Property Damage Coverage (Liberty Mutual)
• Teen Driver Statistics (Insurance Information Insitute)
• How Can I Save Money on Auto Insurance? (Insurance Information Insitute)
• State Laws for Cellphones and Texting (iihs.org)
• Drunk Driving Statistics (Insurance Information Insitute)

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